Spot gold surged past $5,060 per ounce on February 9, gaining nearly 2% in a day as precious metals rallied amid global fiscal optimism and a weaker U.S. dollar.
Spot gold climbed 1.92% to over $5,060 per ounce on Feb. 9, extending gains sparked by Japan’s election-driven fiscal optimism and U.S. dollar weakness. The metal built on a 4% rise last week and earlier breach of the $5,000 mark. Spot silver also remained elevated after recent double-digit gains, supported by safe-haven demand.